May 10, 2024 | |
To whom it may concern, | |
Company name | istyle Inc. |
Representative | Tetsuro Yoshimatsu, Chairperson and CEO |
(Stock Exchange Code: 3660 Prime Market) | |
Contact | Kei Sugawara, Vice Chairperson and CFO |
(TEL.03-6161-3660) |
Notice Concerning Revision of Full-Year Consolidated Earnings Forecast
istyle Inc. announces the following revision to its full-year consolidated earnings forecast for the fiscal year ending June 30, 2024, previously announced on August 14, 2023.
1. Forecasted consolidated earnings forecast (July 1, 2023 - June 30, 2024)
Net Income | ||||||||||||||||
Net Sales | Operating | Ordinary | Attributable to | Net Income Per | ||||||||||||
Income | Income | Shareholders of the | Share | |||||||||||||
Parent Company | ||||||||||||||||
Previously Announced | million yen | million yen | million yen | million yen | yen | |||||||||||
Forecast (A) | 50,000 | 1,200 | 1,000 | 700 | 9.11 | |||||||||||
Revised Forecast (B) | 55,000 | 1,700 | 1,500 | 1,000 | 12.89 | |||||||||||
Change (B - A) | 5,000 | 500 | 500 | 300 | ||||||||||||
Percent Change (%) | 10.0% | 41.7% | 50.0% | 42.9% | ||||||||||||
(Reference) | ||||||||||||||||
Consolidated Earnings for the | 42,890 | 817 | 410 | 275 | 3.69 | |||||||||||
Previous Fiscal Year | ||||||||||||||||
(Fiscal year ended June 2023) | ||||||||||||||||
2. Reasons for the Revision |
Net Sales were revised as above due to the fact that for Stores in the Retail Segment, the large flagship store, @cosme OSAKA, which opened in September 2023, greatly exceeded the initial forecast, and that EC in the same Retail Business also grew dramatically due to the success of the special event, @cosme BEAUTY DAY. As a result, Net Sales for the current fiscal year are expected to reach a record high of 55 billion yen.
Profits are expected to significantly exceed the previous forecast, as the increased sales in the Retail Segment contributed to the profits at each stage.